/lit/ - Literature

Have you ever noticed that the marxist and fascist intellectuals and their forebears are all surprisingly the most disgusting people imagineable?
> eugenicists
> unemployed grubs
> degenerates
> zealots
> elitist
> constant calls for division and violence
> think they are made of finer clay than the rest of humanity
As Tom Sowell would say, the vulgar pride of intellectuals leads to putting decision making into the hands of people that pay not price for being wrong.

Yet look at your Classical Liberal and Libertarian intellectuals, all virtuous hard working people, many fled from Nazi or Communist persecution, many actually worked and had families, focused their ideas purely on the betterment of humanity and never advocated for disgusting shit like eugenics even when it was all the vogue. Sang songs in pubs taking the piss out of tax collectors and then swapping the lyrics when the gendarmes rocked up. Fought through unimagineable scrutiny and alienation to stick true to their ideas. The most that can be levelled against is like "muh Rand took welfare and doesn't like aye-rabs". Come the fuck on people the thread of history is extremely clear when you take the time to look at these people.

>>11699858
You know what shits me to tears.
How you have these supposedly widely read lefties going around talking about the evils of profit and they can't even take the time to read a couple of paragraphs to understand how profit is a mechanism that isn't arbitrary and unecessary, just like prices and just like interest rates they're signals for the wants and needs of society.

I mean fuck hate capitalism all they want but at least grasp these concepts first before declaring their grand plan to reshape society and save the world when they can't even sort out their own abysmal lives, Peterson was right in that.

> Fact: Most big businesses are not monopolies and not all monopolies are big business.
> Take cranberry juice. How do we know that the price being charged is not far above their costs of production? We don’t. We actually have no idea of how much it costs to produce a bottle or can of cranberry juice. Competition makes it unnecessary for us to know. If the price of apple juice is higher than necessary to compensate for the costs incurred in producing it, the result is a high rate of profit. Only, this is never done in a vacuum. Word gets out that there is a lot of money to be made in cranberry juice. This automatically attracts more investment into the cranberry juice industry creating more competition. Eventually, these additional competitors will drive prices down to a level that compensates the costs with the same average rate of return on similar investment available elsewhere. When that happens, the in-flow of investments from other sectors of the economy stop. The incentive of a high rate of profit has evaporated and it doesn’t make sense to these investors to put any more money into it. They will now put there money in other high rate of profit opportunities until those, too come back to reality.
> Thomas Sowell - Basic Economics

Maybe he should've started with providing the best for his family instead of leeching off his wife and his friend, shaming his family, being a grub and mistreating his maid and son just so he could sook about factory owners like his mate that he leeched off.

Pic related.